While the news channels are a buzz and Washington is in gridlock, it’s hard not to see the parallels between the American government’s debt and the American consumer’s debt. This week’s roundup includes an article that will have you thinking about the similarities. We also have stories about the benefits of the nations rising credit card use and how you can save by paying with your credit card. As always, if you enjoy any of our favorite bloggers, we encourage you to follow them on Twitter for regular updates. And don’t forget to follow Credit.com at @CreditExperts.

It Doesn’t Make Sense to Raise Your Debt Ceiling, Even if the Government Does
Much like the nation, we have to look at our own financial houses and make sure our debt makes sense for our lives. There has to be a cap on our personal borrowing so that we avoid creating an environment where we are in over our heads. Check out this article to find out where your debt ceiling should be and how to keep your spending in balance. @cnbc

Americans Willing to Take a Chance on Credit Again
Our carrying bigger credit card balances is a good indicator that consumer confidence is on the rise. It’s also having a good affect on lenders who are now loosening the reigns and offering more credit cards to more people—and some at lowered interest rates. @Forbes

The Latest in Credit Card Scams
Few would describe using pay phones as a luxury, but now that a company servicing them is charging $16 to $20 for brief national calls, views may change. The reality is that the company is scamming its users by advertising a $1 a minute charge but ends up charging you much more. @NYTimes

7 Ways Using Your Credit Card Can Save on Summer Travel
Using your credit card for cash back rewards, sign up bonuses and hotel and airfare points can save you a bundle during the summer travel season. We always recommend that you make decisions that maximize savings and minimize your risk of overspending or getting caught with unmanageable balances. The tips provided in this article will have you earning while you swipe! @SFGate

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Credit.com team member and personal finance contributor, Tim Langevin studied journalism at Columbia College, Chicago and graduated with a degree in Integrated Marketing Communications. Tim shares his unique insight on finding the best bargains and tips to help consumers stay on budget and in control. Have a question for our experts? Email them at CreditExperts@Credit.com.

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